UK FCA Greenlights Portofino Technologies to Register as Cryptoasset Firm

Portofino Technologies, a Switzerland based crypto native technology start-up, has been added by the UK Financial Conduct Authority (FCA) to the list of Registered Cryptoasset Firms, which allows the firm to trade cryptocurrencies with institutional investors in the UK.

This FCA registration puts Portofino Technologies in the high ground to further grow its client franchise both in the UK and globally. 

"The FCA rightly sets a high bar for cryptoasset firms seeking registration, and we are proud to have successfully demonstrated our strong and sophisticated compliance controls," said Celyn Armstrong, General Counsel and Head of Compliance, Portofino Technologies. "Our traditional finance and digital asset clients alike can have full confidence that we are committed to stringent regulatory compliance and risk management standards."

Currently, the company has received approval in both the UK and Switzerland to provide OTC services. The latest certification solidifies Portofino Technologies' position "as one of the most regulatory compliant cryptocurrency market makers globally," notes Alex Casimo, Co-founder & Chief Operating Officer, Portofino Technologies.

Portofino Technologies was founded by former Citadel Securities executives Alex Casimo and Leonard Lancia. Headquartered in Miami, Citadel Securities is one of the largest market makers in the world.